How to Choose the Best Property Management Firm
Finding the right property management firm can be complex, as many firms seem to be completely the same and offer the same services. However, the expertise, experience, track record, management practices and more differ from one firm to the next. Finding the one that’s best for your rental property/properties will require some research and knowledge of what to look for. Narrowing down your choices is as simple as asking a few questions, including: 1. What are the contract terms? 2. How long have they been in business? 3. What are their managers’ qualifications? 4. How many properties does the firm manage? What Are the Contract Terms? Full-service management contracts usually last one to two years. However, some companies offer bonuses for renewing your contract every year. Moreover, there may be fees or penalties for terminating your contract early or for violating the terms. This makes the terms of your contract a major consideration when lookin